Appreciate any help on this as I can't find any previous notes on it:
- I have a foreign rental property, and I enter the foreign income generated from it into Form 1116. I enter the full Gross rental (let's say $10,000)
- At this screen it asks for "Definitely related expenses", which I assume means all of the mortgage expense etc. All of these expenses are recorded in Schedule E where they should be
- However, the checkbox at the bottom "Show me my deductions" states that I shouldn't record any numbers here, because I'm taking the standard deduction
My question is: should I zero these numbers out, or not? The screen shot below shows the screen, with the numbers zero'd out
Thanks in advance!
